Government spending

December 17, 2018 - 7:04 am
LONDON (AP) — Britain's Office of National Statistics says it is changing the way it accounts for student loans in a decision that will add 12 billion pounds ($15 billion) to the country's budget deficit. The statistics agency said in a statement Monday that the design of the system means much of...
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In this Dec. 11, 2018, photo, President Donald Trump and Vice President Mike Pence meet with Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Nancy Pelosi, D-Calif., in the Oval Office of the White House in Washington. Congress is racing to avoid a partial government shutdown over President Donald Trump’s border. But you wouldn’t know it by the schedule. Lawmakers are away until next week. The ball is in Trump’s court, both sides say. (AP Photo/Evan Vucci)
December 15, 2018 - 12:41 am
WASHINGTON (AP) — Congress is racing to avoid a partial government shutdown next Friday over President Donald Trump's border wall. But you wouldn't know it by the schedule, as lawmakers left town waiting for the White House's next move. The House is taking an extended five-day weekend, returning...
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December 11, 2018 - 7:20 am
BEIJING (AP) — A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington. Sales of SUVs, sedans and minivans in the global industry's biggest market plunged 16 percent from a...
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December 08, 2018 - 2:36 am
BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed...
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Italian Economy Minister Giovanni Tria attends a press conference in Rome, in Rome, Wednesday, Dec. 5, 2018. (AP Photo/Andrew Medichini)
December 07, 2018 - 3:34 pm
ROME (AP) — Italian lawmakers have given their first approval to the populist government's deficit-busting spending plan for 2019. The lower Chamber of Deputies on Friday night OK'd the proposal, put to a confidence vote to help close bickering ranks in Premier Giuseppe Conte's coalition. But the...
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In this Nov. 30, 2018 photo, House Minority Leader Nancy Pelosi, D-Calif., is joined by Rep. John Sarbanes, D-Md., at a news conference to discuss their priorities when they assume the majority in the 116th Congress in January, at the Capitol in Washington. While tea party Republicans swept to power to stop things -- repeal Obamacare, roll back environmental regulations and decrease the size and scope of government -- Democrats are marching into the majority to build things back up. And after spending eight downcast years in the minority, they can’t wait to get started. (AP Photo/J. Scott Applewhite)
December 06, 2018 - 10:27 pm
WASHINGTON (AP) — House Democratic leader Nancy Pelosi on Thursday rejected the idea of paying for President Donald Trump's border wall in exchange for helping hundreds of thousands of young immigrants avoid deportation. Funding for the wall — a top Trump priority — and legal protections for so-...
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FILE - This Dec. 21, 2016 file photo shows the Trump International Hotel at 1100 Pennsylvania Avenue NW, in Washington. The attorneys general of the District of Columbia and Maryland plan to file subpoenas seeking records from the Trump Organization, the IRS and other entities in their lawsuit accusing Donald Trump of profiting off the presidency. (AP Photo/Alex Brandon, File)
December 04, 2018 - 6:20 pm
WASHINGTON (AP) — The attorneys general of the District of Columbia and Maryland plan to file subpoenas Tuesday seeking records from the Trump Organization, the Treasury Department and dozens of other entities as part of a lawsuit accusing Donald Trump of profiting off the presidency. The flurry of...
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FILE - In this Dec. 21, 2016, file photo, The Trump International Hotel at 1100 Pennsylvania Avenue NW, is photographed in Washington. House Democrats are prepared to use their majority and subpoena power to go after all manner of financial records that could back up their claims that Donald Trump is using his presidency to enrich himself. Democrats hope there is a new day on such issues as foreign government spending at Trump properties, Trump’s foreign licensing deals and Trump ties to lobbyists. (AP Photo/Alex Brandon, File)
November 08, 2018 - 8:56 am
WASHINGTON (AP) — Beyond trying to get their hands on the Holy Grail of President Donald Trump's business dealings — his tax returns — House Democrats are prepared to use their new majority and subpoena power to go after financial records that could back up their claims that he's using his...
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FILE- In this Sept. 26, 2018, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington. On Wednesday, Oct. 17, the Federal Reserve releases minutes from its September meeting when it lifted rates for the third time this year. (AP Photo/Susan Walsh, File)
October 17, 2018 - 3:42 pm
WASHINGTON (AP) — Federal Reserve officials last month debated how high they should raise interest rates to achieve their economic goals, with some arguing that they might need to lift rates to a level that would modestly restrain growth. In the end, the Fed modestly raised its key short-term rate...
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In this Oct. 10, 2018 photo, Senate Majority Leader Mitch McConnell of Ky., speaks after the Republican policy luncheon on Capitol Hill in Washington. With the GOP tax plan contributing to rising federal deficits, Democrats are warning that Republicans will go after cuts to Medicare, Medicaid and Social Security if they control Congress after the midterms. Senate Majority Leader Mitch McConnell opened the door to the campaign year attack when he suggested rising deficits are due to government spending on those programs. The GOP leader has not made budget cuts a priority. But Democrats warn that eventually Republicans will try to cut spending. (AP Photo/Alex Brandon)
October 17, 2018 - 2:46 pm
WASHINGTON (AP) — With the GOP tax plan contributing to rising federal deficits, Democrats are warning that Republicans will seek cuts to Medicare, Medicaid and Social Security to balance budgets if they keep control of Congress in the November election. It's a familiar message for Democrats, who...
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